Tom Brady's Gambling and HUGE loss.

[wiss19]

You mean by bet on FTX is he invest in it? Welp he isn't alone with this and I won't totally blame him because FTX do also started very well. What I only don't like is to risk his marriage. Indeed, that can made this guy the biggest loser as marriage is something sacred than millions or billions of cash out there. His decision is right of not letting his career end.

This is the only thing that he have right now and he can still recover the money that he lost in FTX once he perform well in his games. I am only sceptical if he will be picked up by a better team after knowing his story not that they think this can affect his gameplay. True fans will still hope better things for this guy.

[1715531867]

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[MiliMil]

I doubt Tom invested $600M of his own money into FTX.
I think he owned equity worth $600M in FTX. Big difference.

He also just signed a $375M 10 year contract to commentate for Fox Sports so I'm sure he'll be fine and is the undisputed GOAT.

[OgNasty]

He definitely dropped the bag by choosing football over his wife, but I’m guessing they had other issues going on that were the real cause.

Early reports were saying he lost as much as $650 million on the FTX collapse, which would probably bankrupt the guy, but more recent reports are saying he only lost $45 million, which is basically a year’s salary for the guy.

I hope he’s able to get by with the rest of his millions and find some sort of resolution with his wife. I wouldn’t be asking him for financial or marriage advice though.

[len01]

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all! You have got to feel bad for the guy. I am a huge Brady fan, and can sympathize with his losses. Surely many people that don't like him for whatever reason may be happy with his current predicament, which is honestly pretty sad if that is the case. We are all human here, and dealing with tremendous loss is difficult. Especially when you're in the lime light. I recently heard on a radio talk show a clip from a reporter asking Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?

I don't know who Tom Brady is, but after reading this thread I tried to find out who he is and it turns out that Tom Brady is an NFL legend. because in the beginning I never bet on NFL games.

it was so sad when the NFL legend lost so much money in the FTX crash and he lost his wife as well. but what if it is already a risk that must be borne by Tom Brady when investing in FTX. I consider investing in exchange platforms like gambling, maybe you will gain in the beginning but will lose in the end like Tom Brady.
it would be very sad if if I were Tom Brady there would be lots of questions raised and just silently lamenting the fate of not being able to answer anything every time there was a question about that incident.

[Cling18]

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all! You have got to feel bad for the guy. I am a huge Brady fan, and can sympathize with his losses. Surely many people that don't like him for whatever reason may be happy with his current predicament, which is honestly pretty sad if that is the case. We are all human here, and dealing with tremendous loss is difficult. Especially when you're in the lime light. I recently heard on a radio talk show a clip from a reporter asking Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?

I don't know who Tom Brady is, but after reading this thread I tried to find out who he is and it turns out that Tom Brady is an NFL legend. because in the beginning I never bet on NFL games.

it was so sad when the NFL legend lost so much money in the FTX crash and he lost his wife as well. but what if it is already a risk that must be borne by Tom Brady when investing in FTX. I consider investing in exchange platforms like gambling, maybe you will gain in the beginning but will lose in the end like Tom Brady.
it would be very sad if if I were Tom Brady there would be lots of questions raised and just silently lamenting the fate of not being able to answer anything every time there was a question about that incident.

I couldn't imagine how he chose the super bowl over his wife. That was such a desperate move. Risking all his wealth on scam which is also their conjugal property is too insane. However, he has his own reason for doing all these things but for ordinary people, we'll surely never replace our life partners in the name of money. For sure, he is already facing the consequences of his actions and might regret things later on. Well, we can't blame the people who would always ask questions about his decision.

[letteredhub]

It's only a man that hasn't gone through difficult times would mock and smile at the predicament of another. We all have had challenges but this one is one in the highest grade especially for a popular figure as that.
While we don't mock at him we should also tap some lessons from this scenario that no matter how good and sure an enterprise might seem never throw all your eggs into it. I hope Mr Brady got back to his feet (financially) soonest.

[molsewid]

It's only a man that hasn't gone through difficult times would mock and smile at the predicament of another. We all have had challenges but this one is one in the highest grade especially for a popular figure as that.
While we don't mock at him we should also tap some lessons from this scenario that no matter how good and sure an enterprise might seem never throw all your eggs into it. I hope Mr Brady got back to his feet (financially) soonest.

It is kinda sad that it happens to him, it is also broke his marriage and that is more painful. We should learn from what happen to him, we should think the consequences that might happen to our future and to the people around us if we are going to give up and let ourselves be addictive to gambling, we should learn that moderation and discipline. It is unfortunate that it happens to him and his family.

[Mauser]

Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?

I had no idea Tom Brady was doing so badly in 2022. When I was younger I always felt a bit jealous about him, because he managed to get Gisele Bundchen, my number 1 crush when growing up. Seems a bit crazy how you can "ruin" the perfect life with so much money and the perfect family. Ruin is probably the wrong word here, he is healthy and will so fine in life. Even in case he lose a big fortune, he can just rebuild it. A few new advertising deals and he should be fine. No idea how you can lose a lot of money in the FTX scandal, with the millions he had it would have been best to spread the money out, buy different properties to rent out, a well diversified stock portfolio, a save retirement fund. High net worth individuals usually have money managers that make sure they don't take all the risky deals out there. What we can learn from this is that even the best among us can lose big in gambling. We should always gamble within our comfort zone and make sure not to use money we can't afford to lose.

[Wexnident]

Can't exactly say objectively whether his decision to leave his wife for his career was good or not, but subjectively I'd say it's pretty dumb, it's been a long 23 years, and I think it was high time he took care of his family instead but hey, to each their own. There may be other reasons but well, we'd probably never know.

As for any investments he made, well, it is what it is. That's just how investments go, whether the reason was a natural market crash or because the team behind the project itself fucked up, those are natural risks that people naturally shoulder when investing.

[danherbias07]

$45 million for Tom Brady and $25 million for his ex-wife Gisele. $70 million gone in the wind which I think is the spark of their misunderstanding but that's not all the reason behind their break up. There's more.
Anyway, back to the FTX crash, it's not just the huge loss that will be their problem because I think they can recover that in a year or 2, but the incoming lawsuits are the biggest problem of all.
They are the top endorsers of the said exchange and there are investors blaming them for being the face of it and yet not doing their job to have an assurance that won't happen.
Always the problem when it comes to cryptocurrencies, that is why I don't follow celebrities when it comes to investing.

[wheelz1200]

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all! You have got to feel bad for the guy. I am a huge Brady fan, and can sympathize with his losses. Surely many people that don't like him for whatever reason may be happy with his current predicament, which is honestly pretty sad if that is the case. We are all human here, and dealing with tremendous loss is difficult. Especially when you're in the lime light. I recently heard on a radio talk show a clip from a reporter asking Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?

Feel bad for him?  Lol. He can go broke every year and become a millionaire over and over again just on his likeness.  He has a sitting 10 year broadcasting contract for $350million once he retires.  Getting g divorced happens all the time.  Dude has an insanely good life so no.  Don't feel bad for him

[virasisog]

Can't exactly say objectively whether his decision to leave his wife for his career was good or not, but subjectively I'd say it's pretty dumb, it's been a long 23 years, and I think it was high time he took care of his family instead but hey, to each their own. There may be other reasons but well, we'd probably never know.

As for any investments he made, well, it is what it is. That's just how investments go, whether the reason was a natural market crash or because the team behind the project itself fucked up, those are natural risks that people naturally shoulder when investing.

23 years isn't a joke because they have been through lots of uos and downs but leaving his wife for his so called career would be unfair. He might have his own reasons what he did is really wrong. I wonder if he's regretting his decisions up until now.

Losses because of failure in investment usually happen even to ordinary people. It's just that he has invested a huge amount in a single project. They say that we shouldn't put all our eggs in one basket and I guess all the things that happened to Tom Brady have served him a lesson already.

[FanEagle]

I agree that 70 million can't be the reason why they got a divorce, I mean it could be as in the sense that they could have a big fight because of it, but it wouldn't make them a poor couple, they could make that money back in a year if they work, they both have the names to make that a possibility. This is why I believe that it wouldn't be a financial reason.

Just because they are still rich, doesn't mean they wouldn't fight though, either for this reason or for another reason, anyone knows that couples fight and when they fight, the smallest thing could become huge and that could lead to divorce. In order to stay married, you need to want to stay married, and be willing to work on the issues, if you don't do that, any reason could be a divorce reason.

[TimeTeller]

I agree that 70 million can't be the reason why they got a divorce, I mean it could be as in the sense that they could have a big fight because of it, but it wouldn't make them a poor couple, they could make that money back in a year if they work, they both have the names to make that a possibility. This is why I believe that it wouldn't be a financial reason.

Just because they are still rich, doesn't mean they wouldn't fight though, either for this reason or for another reason, anyone knows that couples fight and when they fight, the smallest thing could become huge and that could lead to divorce. In order to stay married, you need to want to stay married, and be willing to work on the issues, if you don't do that, any reason could be a divorce reason.

With their status in life, it is not the financial reason why they are getting a divorce.
Actually, I believe, with their kind of status, the last reason why they will separate is because of money.
It is more on piling up their emotional stress and pride to compromise with each other.
As Bundchen wanted Brady to retire from his sports, but Brady continued to do what he loves to do.
Depression among many other things, they got separated, a lucrative divorce for some people with names.
But of course, they are the ones who will know the real reason of divorce.

[len01]

Honestly, I'd say he took quite the gamble. Maybe the gambler of the year for 2022! This man bet his marriage on making it all the way to the super bowl. He also bet the majority of his wealth on the FTX scam. Unfortunately Mr. Brady has lost it all! You have got to feel bad for the guy. I am a huge Brady fan, and can sympathize with his losses. Surely many people that don't like him for whatever reason may be happy with his current predicament, which is honestly pretty sad if that is the case. We are all human here, and dealing with tremendous loss is difficult. Especially when you're in the lime light. I recently heard on a radio talk show a clip from a reporter asking Tom Brady just the other day what he was going to do now? Tom replied, " You know *name of the reporter* if I knew what I was going to do I would have already F$%king done it!" Poor Tom. I would bet that Brady stays at it, he is not going to end his career like this, having one of the most brutal years personally 1000% affected his game, I would bet that he gets picked up by another team soon, hopefully New England! Any thoughts on this?

I don't know who Tom Brady is, but after reading this thread I tried to find out who he is and it turns out that Tom Brady is an NFL legend. because in the beginning I never bet on NFL games.

it was so sad when the NFL legend lost so much money in the FTX crash and he lost his wife as well. but what if it is already a risk that must be borne by Tom Brady when investing in FTX. I consider investing in exchange platforms like gambling, maybe you will gain in the beginning but will lose in the end like Tom Brady.
it would be very sad if if I were Tom Brady there would be lots of questions raised and just silently lamenting the fate of not being able to answer anything every time there was a question about that incident.

I couldn't imagine how he chose the super bowl over his wife. That was such a desperate move. Risking all his wealth on scam which is also their conjugal property is too insane. However, he has his own reason for doing all these things but for ordinary people, we'll surely never replace our life partners in the name of money. For sure, he is already facing the consequences of his actions and might regret things later on. Well, we can't blame the people who would always ask questions about his decision.

surely Tom Brady has reason to bet all his money somewhere where he believes that maybe the money he is betting will be more. what is certain is that we do not know what Tom Brady's reasons are, but what is certain is that everyone must have reasons and goals.

I don't think it's necessary later on, it looks like Tom Brady has started to regret all the mistakes he made. I'm sure he's devastated. but what else can we do if every thing we do is definitely a risk that must be accepted. and now it is Tom's risk that he must accept and he must live.

[Docnaster]

Do you want my thoughts? nothing, it's normal.

He was gambling & investment, that's mean he is already aware the risk and cons for what he did. So, nothing surprise at all for what he get right now. Even the loss is effected on his economy, the easy things about celebrity or famous people.

He still can use the famous of his name, to gain at least some source of income.

Everyone knows the rule of not investing more than you can lose. Gamble only with certain percentage of your income, not your keys, not your coins. But the truth is that the masses don't obey these rules until things go wrong before we will remember these rules.
With the value and acceptability of FTX, nobody really thought that it will end this way, however this is a big lesson to everyone.

[Baofeng]

Do you want my thoughts? nothing, it's normal.

He was gambling & investment, that's mean he is already aware the risk and cons for what he did. So, nothing surprise at all for what he get right now. Even the loss is effected on his economy, the easy things about celebrity or famous people.

He still can use the famous of his name, to gain at least some source of income.

Everyone knows the rule of not investing more than you can lose. Gamble only with certain percentage of your income, not your keys, not your coins. But the truth is that the masses don't obey these rules until things go wrong before we will remember these rules.
With the value and acceptability of FTX, nobody really thought that it will end this way, however this is a big lesson to everyone.

I'm thinking maybe SBF really talk him out on investing on FTX, sweet talking and so he give in the demands and invested huge money.

The amount might be in contention, but for sure, it's on the tune of hundred of millions of dollars and for us, it's huge money. But maybe for this multi millionaire, they still have some money stash somewhere even if they lost that big amount. Maybe he can go back and play again and has millions. But in the personal side, it's hard to recover from it, and if I'm not mistaken, this is his second divorce and it might take a toll on him later.

[Accardo]

I agree that 70 million can't be the reason why they got a divorce, I mean it could be as in the sense that they could have a big fight because of it, but it wouldn't make them a poor couple, they could make that money back in a year if they work, they both have the names to make that a possibility. This is why I believe that it wouldn't be a financial reason.

Just because they are still rich, doesn't mean they wouldn't fight though, either for this reason or for another reason, anyone knows that couples fight and when they fight, the smallest thing could become huge and that could lead to divorce. In order to stay married, you need to want to stay married, and be willing to work on the issues, if you don't do that, any reason could be a divorce reason.

With their status in life, it is not the financial reason why they are getting a divorce.
Actually, I believe, with their kind of status, the last reason why they will separate is because of money.
It is more on piling up their emotional stress and pride to compromise with each other.
As Bundchen wanted Brady to retire from his sports, but Brady continued to do what he loves to do.
Depression among many other things, they got separated, a lucrative divorce for some people with names.
But of course, they are the ones who will know the real reason of divorce.

It's hard to find the real reason of divorce, women are generally known as emotional managers and men careless about being emotional. Such things as upbringing could lead to divorce, maybe the player has got no time to discuss with his wife on things that mattered to her; their marriage. Well, his story is not quite unique from other mistakes made by gamblers. But, one of his steps that intrigues me to think that we get riskier when we get richer is betting on his marriage.  That's a wrong move, he could've staked his house instead. And he added to his mistake by trusting a cryptocurrency firm, out of being blinded by the friendship he got with SBF. It's just not a good time for him, but he'll get back on to his good living, maybe get a new wife.

[fullhdpixel]

not sure if this is going to be in the gambling forum.

yes, he bet on FTX and lose. and right after FTX becomes a scam, his wife and Brady broke up. pretty sure, it's the reason why. money definitely affects relationships. he could be unstable for now, any team that would take him might just think twice.

That depends on how the OP wishes to convey it, as though it may fall under the investment sphere but it is more like a gamble if you are going all in into a single thing. Tough luck favours him, just like him, no one was expecting the second (or first?) largest investment firm to face this to shock the world. I am sure there are a lot more victims like him that we don't know of, and we feel bad for all of them.

Unfortunately, unlike we do imagine, there are lots of investors and traders are betting out side the gambling world like they do go for long or short based on their instincts and by analysis. So, more shocking news may arrive in near future as bear market's cruelty is usually unpredictable.

[bittraffic]

I agree that 70 million can't be the reason why they got a divorce, I mean it could be as in the sense that they could have a big fight because of it, but it wouldn't make them a poor couple, they could make that money back in a year if they work, they both have the names to make that a possibility. This is why I believe that it wouldn't be a financial reason.

Just because they are still rich, doesn't mean they wouldn't fight though, either for this reason or for another reason, anyone knows that couples fight and when they fight, the smallest thing could become huge and that could lead to divorce. In order to stay married, you need to want to stay married, and be willing to work on the issues, if you don't do that, any reason could be a divorce reason.

With their status in life, it is not the financial reason why they are getting a divorce.
Actually, I believe, with their kind of status, the last reason why they will separate is because of money.
It is more on piling up their emotional stress and pride to compromise with each other.
As Bundchen wanted Brady to retire from his sports, but Brady continued to do what he loves to do.
Depression among many other things, they got separated, a lucrative divorce for some people with names.
But of course, they are the ones who will know the real reason of divorce.

It's hard to find the real reason of divorce, women are generally known as emotional managers and men careless about being emotional. Such things as upbringing could lead to divorce, maybe the player has got no time to discuss with his wife on things that mattered to her; their marriage. Well, his story is not quite unique from other mistakes made by gamblers. But, one of his steps that intrigues me to think that we get riskier when we get richer is betting on his marriage.  That's a wrong move, he could've staked his house instead. And he added to his mistake by trusting a cryptocurrency firm, out of being blinded by the friendship he got with SBF. It's just not a good time for him, but he'll get back on to his good living, maybe get a new wife.

It's not coincident that after FTX they separate ways. Married life is not easy when both of you are money-maker, both are going to have pride, and one fault of the other can resurface every now and then when they argue about something. The relationship can become toxic that way and it sounds very cruel when the fight is about money.

A divorce is even a better option before they say the worse things to each other. But the kids are caught in the middle which is somewhat another loss besides the FTX investment.